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Still Trading so there will be some movements up and down. Best luck Miracles required.
Yep I realise that with debt obligations ! But . Something has to give whether it be a bust ? The stores are still selling and open so no notification of this as yet. The M/C is one of the lowest I have ever seen on AIM, now this does not mean a lot but it is a fact. Most of the board or family still hold their shares as a few sales have sent this tumbling. Will a rescue be juggled from somewhere ? maybe maybe or more probable maybe not. My small buy is punt on a roulette gamble as you never quite know until the large one sings.. Best luck to you also..
borrowings 2.5 million Retirement obligations 8.3 million this don't look good and other obligations
Just phoned the reception they are still trading well and the receptionist knows nothing ? i wished her well.. H.C.Slingsby plc is incorporated in the UK and has over 120 years experience in providing excellent service to its customers. We are one of the leading suppliers of industrial and commercial equipment in the UK. Our current range is the largest ever, featuring over 35,000 products. HC Slingsby became a plc in 1961 and transferred from the Main Market to AIM on 24th May 2005.
Whoops had meant to add the link. https://www.slingsby.com/Investor-Relations.htm
An RNS with a new chairman nominated and a recovery plan required ? Are they really going to let over 100 Employees down ? No Failure RNS and only 7,227 shares traded unless more show up late ? The dodgy bod hold a lump of the shares mmm. Lets us see ? Significant Shareholders (last updated 07/10/2014) Michael Chadwick 180,295 ordinary 25p shares (18%) (Registered in the name(s) of Goodbody Stockbrokers Nominees Ltd (80,995) and Rulegale Nominees Ltd (99,300) J. Crowther Jones & Mr. T.E. Jones 54,866 ordinary 25p shares (5.5%) J.H. Ridley 51,302 ordinary 25p shares (5.1%) C.J. Slingsby 53,886 ordinary 25p shares (5.39%) S.E. Slingsby 51,167 ordinary 25p shares (5.12%) D.S Slingsby 51,167 ordinary 25p shares (5.12%) M. Miller 48,381 ordinary 25p shares (4.84%) H. Slingsby 47,138 ordinary 25p shares (4.7%) K.J. Williams 37,000 ordinary 25p shares (3.7%) S. Whittaker 32,500 ordinary 25p shares (3.25%) S.A. Williams 30,835 ordinary 25p shares (3.08%) H.C. Slingsby plc Retirement Benefit Scheme 30,061 ordinary 25p shares (3.01%) As of June 2015 the percentage of shares not in public hands is 21.9%
Only 8k traded to get down this low ha can it trade at a - if another 8K are sold ? Ho Ho
Lol. Probably will wait for it to breach below the £100k valuation. Never seen a spread so wide at 100%. People probably scared to buy the stock in case if they are buying double the guide price!
No big news of failure quite yet. This was £'s a few years ago medling medlers I hope they can still afford to pay the wages of the 104 ? Employees. Worth a small Risky dabble maybe ?
Stockmarket valuation of £380K! You would expect a takeover at this price, so it must be in a mess if no one is interested. Mannnan di you manage to get rid of your shares?
Because it looks as if this once cash cow is going to the wall. Local info says the staff are totally unmotivated, the management in turmoil, and the business is non profit making. The sons have much to answer for and should be called to account! This is a very simple business, you buy, stock and sell products. The overhead should be totally forcastable so good quality buying and appropriate selling prices are what is required. An inappropriate takeover in an effort to get the acquired company to trade the total group out of trouble, was absurd, and it mopped up cash at a time when cash was going to be required to keep the original business going. I tried several times to point out where problems lay, the last time with no response. Some Arrogant and inappropriately qualified family directors are 100% to blame, and who ruined a strong and viable business now worth no more than £500,000. . . . . . . . . . . . . How the mighty are fallen.
Why fall
What a shambles. This was once a cash cow when the father was in charge! Completely wrong strategy in recent years - a takeover last year that was never going to bring savings, and which mopped up cash reserves at a time when cash reserves were most required! No wonder everyone is leaving or about to leave! A rudderless ship . . . . . . .
why has this gone up! anyone
A 63% slide in pre-tax profits to 400,000 pounds on the back of an 8% reduction in sales to 15.2 million pounds in the year to December sent shares in office equipment firm H C Slingsby (SLNG) 70p lower to 587.5p. Management reported on a period 'characterised by challenging conditions' and noted that the subdued trading environment had continued into the first quarter of 2012, forcing the group to take moves to reduce overheads. In addition, Slingsby's pension deficit increased substantially from 6.7 million pounds to 8.7 million pounds, driven primarily by lower bond yields and weaker equity market returns.